The National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions shows a mixed bag of market conditions as of January, based on responses from multifamily professionals.
Sales
The burst of investment activity suggests that the suburban Chicago apartment market is still going strong after a record year for multifamily sales in 2016. Suburban rents are rising at a slow, steady pace, and developers haven't gotten carried away with new projects, giving investors the confidence that they will continue to generate attractive returns by buying apartments here.